MongoDB, Inc. (MDB) shares are trading higher after the company reported better-than-expected Q2 financial results. The company also issued Q3 and FY24 adjusted EPS and sales guidance above estimates. MongoDB expects FY24 adjusted EPS to be between $2.27 and $2.35, with revenue projected to be between $1.596 billion and $1.608 billion. For Q3, the company expects adjusted EPS to be between $0.47 and $0.50, with revenue projected to be between $400 million and $404 million. In Q2, MongoDB reported EPS of $0.93, beating the estimated $0.46, and sales of $423.80 million, beating the estimated $393.35 million. The positive report has led to bullish sentiment, with some suggesting that the stock should reach $450 or higher.

MDB stock price is 333.27. MDB 52 Week low is 135.15. MDB 52 Week high is 439. MDB 200 day moving average is 285.09. It is currently trading above 200 day moving average. MDB 50 day moving average is 379.58 which is above(bearish) the current price. RSI (relative strength index) of MDB is 32.87 which is below (bearish) 70. Chaikin money flow (20 day) of MDB is -0.295 which is below (bearish) 0.